On the stability of employment growth: a postwar view from the US states
In: Working papers 04,21
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In: Working papers 04,21
In: Working papers 04,16
In: Studies in applied regional science 12
1. Introduction -- 2. Agglomeration economies: a survey of the literature -- 2.1. Introduction -- 2.2. Agglomeration economies: a theoretical approach -- 2.3. Agglomeration economies: an empirical approach -- 2.4. Conclusion -- 3 Agglomeration and location of manufacturing activity: the theoretical framework -- 3.1. Introduction -- 3.2. Central place theory and agglomeration -- 3.3. The theoretical framework -- 3.4. The technique of measuring agglomeration forces: the model -- 3.5. Conclusion -- 4. The empirical investigation -- 4.1. Introduction -- 4.2. Estimating scale economies: the time-series model -- 4.3. Decomposition: the cross-sectional model -- 4.4. Generalization of the empirical results -- 5. Conclusion -- Appendix A -- Appendix B -- References.
In: FRB of Philadelphia Working Paper No. 21-26
SSRN
In: Urban studies, Band 24, Heft 1, S. 75-76
ISSN: 1360-063X
In: Journal of Monetary Economics, Band 9, Heft 2, S. 223-234
In: Urban studies, Band 17, Heft 3, S. 343-351
ISSN: 1360-063X
In: Journal of Regional Science, Band 59, Heft 3, S. 369-408
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In: FRB of Philadelphia Working Paper No. 19-16
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Working paper
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Working paper
In: Forthcoming in Handbook of Regional and Urban Economics, Vols. 5A and 5B
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In: FRB of Philadelphia Working Paper No. 09-16
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Working paper
In: Brookings-Wharton papers on urban affairs, Band 2009, Heft 1, S. 65-123
ISSN: 1533-4449
The city beautiful movement, which in the early 20th Century advocated city beautification as a way to improve the living conditions and civic virtues of the urban dweller, had languished by the Great Depression. Today, new urban economic theory and policymakers are coming to see the provision of consumer leisure amenities as a way to attract population, especially the highly skilled and their employers. However, past studies have only provided indirect evidence of the importance of leisure amenities for urban development. In this paper we propose and validate the number of leisure trips to MSAs as a measure of consumer revealed preferences for local leisure-oriented amenities. Population and employment growth in the 1990s was about 2 percent higher in an MSA with twice as many leisure visits: the third most important predictor of recent population growth in standardized terms. Moreover, this variable does a good job at forecasting out-of-sample growth for the period 2000-2006. Beautiful cities disproportionally attracted highly-educated individuals, and experienced faster housing price appreciation, especially in supply-inelastic markets. Investment by local government in new public recreational areas within an MSA was positively associated with higher subsequent city attractiveness. In contrast to the generally declining trends in the American central city, neighborhoods that were close to central recreational districts have experienced economic growth, albeit at the cost of minority displacement.
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In: Journal of Monetary Economics, Band 48, Heft 3, S. 549-583